Overview
- Honeywell implemented a 1-for-2 reverse stock split that became effective June 29 which cut outstanding shares about in half and produced the higher per-share adjusted EPS range of $7.90–$8.30.
- The company reaffirmed its full-year sales outlook of $19.9 billion to $20.2 billion and set second-half sales of $10.1 billion to $10.3 billion with adjusted EPS of $4.40–$4.70, saying its underlying earnings outlook is unchanged.
- Market data providers still show pre-split consensus EPS (FactSet at about $10.75), and that mismatch with post-split guidance could prompt short-term moves by algorithmic or momentum traders reacting to headline per-share figures.
- Wall Street remains broadly positive on Honeywell with a consensus Buy view and an average price target near $257, while the spun-off Honeywell Aerospace (HONA) has thinner coverage and roughly 42% Buy support with an average target near $262.
- Investors should watch the July 23 earnings call for quarter-level results that will reconcile the per-share math with operating performance and reduce the short-term uncertainty created by the split.